Skip to main content

Just my thoughts #0677

Investment techniques involve converting labor income into financial income. In other words, it means purchasing an asset with money earned through labor so that the asset generates profit. But since assets are inanimate, how can they produce income? The answer is that you can profit from an asset’s changing value. You cannot profit if the value remains constant. If there were no volatility in assets, people would have to rely solely on labor to earn money. The issue is that you don’t buy assets that increase in value; you buy assets that decrease in value. Therefore, if you lack the perspective to judge the world, you should abandon the dream of building wealth through assets. - Joseph’s “just my thoughts”
Post a Comment

Just my thoughts #0133

Talent is rather not to be developed. It is revealed. Efforts are made to enhance this revealed state, which we call “ability.” When this ability is randomly known to the public by chance, it is said to be “good luck.” Talent is given, and luck is also provided. We believe that a worthy human being puts in the effort. However, success is not solely determined by effort.


- Joseph’s “just my thoughts”




Labels:

Comments

Post a Comment

Popular posts from this blog

Just my thoughts #0039

The Anchoring Heuristic In 1974, Tversky and Kahneman divided two groups and asked one group to calculate the value of "8x7x6x5x4x3x2x1" and the other group to answer the question "1x2x3x4x5x6x7x8" immediately. The average calculation result of the first group was 2,250, and that of the second group was 512. For both groups, the original answer is 40,320, which is the same. Although they multiplied by the same number, the first group multiplied by the order of the larger number, resulting in a higher baseline adjustment, while the second group did the opposite. When we judge and make decisions, the reference point determines the extent and direction of our illusion. When we live, we have to deal with these fallible human beings. - Joseph's "just my thoughts"
Post a Comment
Read more

Just my thoughts #0006

"Apples are the fruit" is a true proposition. At this time, "apples" are a Sufficient Condition to be fruit, and vice versa, because the "fruit to be an apple is more necessary for other conditions such as "red, round", the fruit is a Necessary Condition to become an apple. If the proposition of "If you respect someone, you'll get married" is "true," it's a "Sufficient Condition" to find someone you admire for marriage, but it's just only a "Necessary Condition" to find someone to marry for respect. Even with respect, you can not get married. You can't get married even if the Reverse Proposition is "true." Because marriage is a matter of "choice" before conditions or needs. If you want a respectable man, you can find a great man. To live comfortably, you can find a rich man. So, is there no Necessary-Sufficient Proposition for a marriage (conditions where both the proposition ...
Post a Comment
Read more

Just my thoughts #0057

Most people substitute the issue of choice with the issue of ability. They recognize they cannot do it because scaring to make the wrong choice or lack the knowledge. Banks pay me 1 to 2 percent interest annually on deposits but charge me 4 to 5 percent on loans. It's a game where I'm losing money in every way. Then, I want to avoid putting my money in the bank. It would be better to use it to purchase that bank's stocks as a substitute but meticulous care is required. To make a choice, you have to conquer your fears. How is this a difference of ability? - Joseph’s “just my thoughts"
Post a Comment
Read more